Despite spending the year on hiatus, British boyband One Direction still makes huge amounts of money. It is reported that the group has brought in a whopping $110 million over the past 12 months, which is enough to land them on the No. 1 spot on Forbes' List of Europe's Highest-Paid Celebrities in 2016.

Forbes reports that the group rakes in the cash from the tail-end of their $200 million-plus "On the Road Again" tour and endorsement deals with Pepsi and Colgate. All of this makes 1D the top-earning band in the world and the second-highest paid among all celebrities, trailing behind Taylor Swift who earns $170 million.

The band surpasses award-wining singer Adele, who bows at No. 3 with $80.5 million. Meanwhile, legendary band The Rolling Stones comes in at No. 5 with $66.5 million and Irish rock band U2 stays at No. 9 with $55 million.

Musicians keep dominating the list as Scottish DJ Calvin Harris takes the sixth place with $63 million and The Beatles frontman Sir Paul McCartney resides in the seventh place with $56.5 million.

Elsewhere on the list, Real Madrid footballer Cristiano Ronaldo comes in at No. 2 with $88 million, while tennis stars Roger Federer and Novak Djokovic bow at No. 4 and No. 8 respectively with $68 million and $56 million. Celebrity chef and TV personality Gordon Ramsay rounds out the top 10 with $54 million.

All earnings are before tax and calculated between June 2015 and June 2016. Fees for agents, managers and lawyers are not deducted. Figures are based on numbers from Nielsen, Pollstar, Box Office Mojo, Songkick, IMDB and even interviews with industry insiders as well as some of the stars themselves.